"Justin" • Precise Market Analysis
58 posts
Legence $LGN looking like a special stock... Legence is a $8.8 billion industrial company. Its designs + installs HVAC, electrical, and mechanical systems for life sciences labs, healthcare facilities, and - most importantly - data centers. Nearly 40% of its backlog is tied to data centers. Management says that it serves the "majority of the Nasdaq-100." And it's believed that its customers includes some of the hyperscalers. In other words, Legence is "AI infra buildout" name. It could catch a major sympathy bid this week with $MSFT $AMZN $GOOG $META report earnings, and more specifically details on CapEx spend. The market has taken notice of Legence's potential. LGN is +51% over the past 15% sessions. It hasn't closed below its 5-day moving average since April 7, indicating strong institutional bid for the stock. We've also seen heavy buying volume on the stock in recent weeks... further evidence that the big boys are getting involved. In summary, LGN is a super compelling company. The stock is arguably near-term extended. But it's displaying major strength, and the best names are never easy to buy. Y'all can figure out entries. Just sharing the idea...
BREAKING: Berkshire Hathaway announces its cash balance is now up to a record $397 billion. The company sold a net -$8.1 billion worth of stocks last quarter, marking its 14th-consecutive net quarterly sale.
